SunSirs: The Cyclohexanone Market Rose and Operated in Early December
December 12 2024 11:12:50 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, on December 11th, the domestic cyclohexanone market price reference was 9,162 RMB/ton. On December 1st, the domestic cyclohexanone market price reference was 8,950 RMB/ton, with a price increase of 212 RMB/ton, an increase of 2.37%.
Analysis review
From the Commodity Market Analysis System of SunSirs, it can be seen that in early December, the domestic cyclohexanone market experienced an upward trend, with prices continuously approaching high levels and low prices gradually disappearing from the market. As of December 11th, the dreference market price for cyclohexanone in Shandong, China was around 9,100-9,200 RMB/ton, the reference market price for cyclohexanone in Inner Mongolia was around 9,050-9,100 RMB/ton, and the reference market price for cyclohexanone in South China was around 9,300-9,400 RMB/ton.
In terms of cost: Recently, the market for benzene, the upstream raw material of cyclohexanone, had steadily risen, providing increasing cost support for cyclohexanone. The cyclohexanone market had also continued to rise with the increase in raw materials.
In terms of supply and demand: As enter December 11th, the supply side of cyclohexanone was relatively tight, and there was less pressure on spot supply. Downstream demand was mainly for essential purchases. The overall transmission of supply and demand in the cyclohexanone market was relatively smooth.
In terms of upstream benzene: Entering December, the overall market situation of upstream benzene was on the rise. On December 10th, the reference price of benzene was 7,586.33 RMB/ton, an increase of 3.38% compared to December 1st (7,338.00 RMB/ton).
Market outlook
As of December 11th, the trading atmosphere in the cyclohexanone market was mild, and some downstream companies had a slight wait-and-see attitude towards high priced raw materials. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly operate with large stability and small fluctuations, and specific changes in supply and demand information need to be closely monitored.
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